Lake Nona to build new Mega-Lagoon, which will be the largest crystal lagoon project in the U.S. to date
Lake Nona, a master-planned community in Central Florida, is a hot spot to live in in the U.S. according to a new report by John Burns Real Estate Consulting LLC. Though the community saw a drop in year-over-year net home sales, it landed on the list of the nation’s 20 top-selling master-planned communities at number 18. A strong residential real estate market is considered a bellwether of economic health. It also can point to more investment in the community and usually attracts more economic development and real estate investment to that particular market.
We can see why the prestigious community of Lake Nona is such a desirable place to live. Tavistock Development Co. LLC will bring a new “mega lagoon” to Lake Nona. The developer of the 7,000-acre community on Jan. 6 announced it signed a deal with Miami-based Crystal Lagoons US Corp. to develop an 11-acre recreational lake as the centerpiece of a new, luxury resort near the new U.S. Tennis Association complex.
“In Central Florida, the freshwater lakes are one of the region’s best amenities,” said Tavistock Development President Jim Zboril in a prepared statement. “Water provides terrific views and a wide range of recreational uses, and these new beachfront-style experiences that will only add value to our world-class development.”
The Lake Nona project will be the largest planned Crystal Lagoons in the U.S. to date. These types of lagoons create large-scale, Caribbean-style beachfront recreational locations ideal for swimming, kayaking, paddle boarding and sailing in a safe and fun environment.
“We are very excited about our partnership with Lake Nona on what will be a signature project for Crystal Lagoons,” said Kevin Morgan, CEO of Crystal Lagoons US, in a prepared statement. “This will definitely set a new bar as one of our most luxurious projects to date and help to continue to grow the brand in the United States.”
The projects use a patented technology allowing low-cost construction and maintenance of huge lagoons with large-scale beachfront landscapes anywhere in the world. The new amenities add value to new and existing real estate projects, while also using less water than golf courses and can be refilled with rainwater to compensate for evaporation, Crystal Lagoons said in a news release. No further details were available at this time on the construction timeline or cost, nor were details provided on the planned luxury resort.
Sources: “Lake Nona, The Villages among top-selling U.S. communities in 2014,” and “Lake Nona to build new recreational ‘mega lagoon’ near USTA complex,” Orlando Business Journal